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Memorandum Of Association Of Travel And Tourism Company

Memorandum Of Association Of Travel And Tourism Company Template for Malaysia

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Key Requirements PROMPT example:

Memorandum Of Association Of Travel And Tourism Company

"I need a Memorandum Of Association Of Travel And Tourism Company for establishing a new luxury travel agency in Kuala Lumpur that will specialize in high-end tourism packages and corporate travel services, with an initial share capital of RM500,000."

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Document background
The Memorandum Of Association Of Travel And Tourism Company is a mandatory legal document required when incorporating a tourism-focused company in Malaysia. It must be filed with the Malaysian Companies Commission (SSM) as part of the company registration process and serves as the foundation document defining the company's existence, objectives, and relationship with stakeholders. This document is essential when establishing a new travel and tourism company, restructuring an existing one, or converting a different business entity into a tourism-focused company. It contains crucial information about the company's powers, limitations, share capital structure, and compliance with tourism industry regulations. The document must align with the Companies Act 2016, Tourism Industry Act 1992, and other relevant Malaysian legislation governing the tourism sector.
Suggested Sections

1. Name of Company: States the official registered name of the company

2. Registered Office: Specifies the location of the company's registered office in Malaysia

3. Objects of Company: Details the primary and secondary business objectives of the travel and tourism company

4. Limited Liability: Declaration that the liability of members is limited

5. Share Capital: Details of the company's authorized share capital and types of shares

6. Subscriber Information: Details of the initial subscribers/shareholders including names, addresses, occupations, and number of shares

7. Powers of the Company: Outlines the specific powers the company has to carry out its objects

8. Restrictions: Any restrictions on the company's powers or activities

Optional Sections

1. Foreign Company Provisions: Additional provisions if the company has foreign ownership or international operations

2. Islamic Banking Compliance: Specific provisions if the company wishes to ensure Shariah compliance in its operations

3. Special Rights: Any special rights attached to certain classes of shares or shareholders

4. Branch Operations: Provisions for establishing and operating branch offices

5. Joint Venture Provisions: Special provisions if the company is formed as part of a joint venture

Suggested Schedules

1. Share Capital Structure: Detailed breakdown of share classes, rights, and initial distribution

2. Subscriber Details: Complete information about initial subscribers including identification documents

3. Business Activities: Detailed list of permitted tourism and travel-related activities

4. Corporate Structure: Organization chart and management structure

5. Licensing Requirements: List of required licenses and permits for various tourism activities

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
























Clauses




















Relevant Industries

Tourism

Travel Services

Hospitality

Transportation

Corporate Services

Legal Services

Business Services

Tourism Infrastructure

Event Management

Tour Operations

Relevant Teams

Legal

Compliance

Corporate Secretarial

Board of Directors

Executive Leadership

Corporate Governance

Risk Management

Operations

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Company Secretary

Corporate Lawyer

Legal Counsel

Compliance Officer

Director of Operations

Tourism License Manager

Corporate Governance Manager

Business Development Director

Risk Management Officer

Company Director

Board Member

Tourism Operations Manager

Regulatory Affairs Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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